Some of the increase in volume and sales price is due to closings at the newly built Lincoln Park 2550 development – $38mm in sales closed in Q3 2012 in this development, consisting mostly of 2 and 3 bedroom condos.

We expect that Lincoln Park will exceed 1,000 total sales in 2012 for condos / townhomes – the first time since 2007.

Single family sales volume increased by 11.5% in Q3 2012 compared to Q3 2011. Prices fell approximately 9% in Q3 2012 compared to Q3 2011.

Rents increased across all property types in Q3 2012 compared to Q3 2011.